Nick Weis, CCIM’s Post

With office sublease space at record highs in several major US cities, property owners and managers should protect themselves from financial losses and other big headaches by having a thorough, iron-clad sublease clause in their standard tenant lease. Realogic’s expert lease administration team, which has decades of combined experience in commercial real estate, compiled a list of 10 essential sublease clauses that should be in every tenant lease. Get your copy at https://bit.ly/3W7efEx #commercialrealestate #sublease #office #officespace #commercialrealestateinvesting #propertymanagement #propertymanagementtips #leases #leaseadministration #leasemanagement #realestatemanagement

A seasoned commercial real estate expert, who has played a pivotal role in advising on transactions totaling $8 billion, is sounding a cautionary note on the state of office buildings. According to the veteran, approximately 30% of these structures are on shaky ground, being deemed essentially valueless. In the expert's view, the only viable course of action for this considerable portion of office real estate is demolition. This stark assessment sheds light on the challenges and necessary adjustments within the office property market, signaling a potential paradigm shift in the fate of a significant number of buildings. #Commericalrealestate #realestate

Planning your next Tenant Improvement? Explore our top budgeting tips to streamline your project. Count on us to turn your vision into reality—from planning to execution.

This freestanding office building has successfully sold! The seller entrusted Menlo Group with the owner/user investment sale, and we enjoyed the opportunity to represent them. If you're considering selling or investing in commercial real estate, contact Menlo Group to learn how we can help you achieve your goals. #CommercialRealEstate #Office #InvestmentProperty

As noted in the article there is a shortage of newly completed high quality office space and being a Superfund they have to invest significant funds. It will be interesting to see how it goes with falling demand for lease and purchase of office space post Covid. Also the fixed cost construction contract signed before recent cost increases seems to further increase risk, if the builder has no profit margin it will be an issue. Any thoughts? As always please be respectful, inclusive and polite to others or refrain from commenting. This is for the purpose of encouraging discussion, and I am not advocating a particular position. https://lnkd.in/g76sX7a9

A critical part of assessing the viability of a prospective building occupant and determine if the prospect's proposal to lease office space is to analyze how the opportunity looks "on paper". Here is a sample Lease Analysis that shows how cash flows, break even, IRR, TI, effective rents are contemplated based on the proposal. I urge landlords if you don't use a type of analysis to consider your office occupants, you really should start!! #officeproperty #suburbanrealestate

Eye-Opening Indeed Did you know that to replace an existing office tenant a landlord may have to forego the equivalent of 2 1/2 to 3 years' worth of rental income to satisfy the current level of market concession value demand? And this doesn't even account for the additional 12-36 months of downtime and construction time it could realistically take before the new tenant's rental abatement period begins. Please think about that if you are an office space occupier trying to determine the extent of your negotiating leverage in an upcoming lease renewal situation. Hint: it's HUGE!!! #commercialrealestate #officespace #franklinstreet #aneducatedclientisthebestclient

Thinking about buying a commercial office building? 🏢 Before you dive in, here's what to keep in mind:⁣⁣ ⁣⁣ 1️⃣ Building report: Uncover costly repairs early.⁣⁣ 2️⃣ Environmental factors: Inspect for hazardous materials and air quality issues.⁣⁣ 3️⃣ LIM Report: Check zoning and future renovation rules.⁣⁣ 4️⃣ Property title: Make sure ownership is crystal clear.⁣⁣ 5️⃣ Location: High-traffic areas can raise property value significantly.⁣⁣ ⁣⁣ Don't settle for a basic survey—hire a pro to ensure you're making a sound investment! 🔍✨ . #CommercialInspection #SmartInvesting #PropertyInsights #BuildingSafety

Let's meet at #PropertyForum2024. On September 16th at 12:00 PM, I'll be participating in a discussion about #office buildings. We'll explore the best locations for construction and how to create investments that go beyond #corporatestandards. See you there!   #WorkOnProgress #STRABAGRealEstate #RealEstate #RealEstateMarket #ProjectDevelopment #UpperOne

Adaptive reuse can help unlock real estate value and lend a hand in reshaping cities. Check out the latest Canvas Blog by Ware Malcomb. #adaptivereuse #realestatestrategy